Global Fundamental Funnels IDR 3.3 Trillion into Ethereum (ETH) Strategy, What’s the Impact?

Jakarta, Pintu News – FG Nexus Inc, formerly known as Fundamental Global, has announced a $200 million fundraising for a new treasury strategy focused on Ethereum (ETH).

The Nasdaq-listed company has successfully entered into a private placement involving $40 million worth of pre-paid warrants at $5 per warrant. The funds raised, both in cash and cryptocurrency, will be used for the direct purchase of Ethereum (ETH).

Check out the full information in this article!

Treasury and Rebranding Strategy

FG Nexus Inc. is taking a big step by changing the focus of its treasury strategy to Ethereum (ETH). With newly raised funds, the company plans to buy Ethereum (ETH) directly, which marks a significant change in their investment strategy.

In addition, the company also announced the rebranding of Fundamental Global to FG Nexus Inc. with new ticker symbols FGNX and FGNXP. The move is expected to strengthen the company’s position in the blockchain-based financial market.

This change not only reflects FG Nexus’ adaptation to market trends, but also demonstrates their commitment to utilizing blockchain technology to create long-term value for investors.

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With a focus on staking rewards and investment opportunities in tokenized assets, FG Nexus aims to be a key player in integrating Ethereum (ETH) into traditional finance.

Major Investors and Strategic Partnerships

In this round of funding, FG Nexus has the support of several influential strategic investors. Galaxy Digital, under the leadership of CEO Mike Novogratz, will assist in treasury management and execution of proceeds.

In addition, Kraken will also work with FG Nexus on staking and infrastructure. Other investors involved include Digital Currency Group, Hivemind Capital, Syncracy Capital, and Kenetic.

This partnership not only enhances FG Nexus’ capacity in managing digital assets, but also strengthens their foundation in the face of changing market dynamics. By combining expertise in merchant banking and reinsurance, FG Nexus seeks to bring Ethereum (ETH)-based solutions into the broader financial landscape.

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Market Reaction and Industry Context

The announcement of this new strategy has received a mixed reaction from the market. FG Nexus shares jumped 76.6% in pre-market trading to $38.00. However, the stock closed lower by 13.71% at $18.56, according to data from Google Finance.

This decline indicates concerns among investors regarding the scale of the transition taken by the company. Despite the challenges, FG Nexus is now joining the trend of companies adopting Ethereum (ETH) as a treasury asset.

The move follows in the footsteps of other companies such as BitMine Immersion Technologies, SharpLink Gaming, and Ether Machine that have made large purchases of Ethereum (ETH) recently.

Conclusion

With a new strategy and strategic partnerships, FG Nexus Inc. establishes itself as a leader in the integration of Ethereum (ETH) into traditional finance. This bold move not only demonstrates their adaptation to new technologies, but also the potential for significant growth in the digital finance ecosystem. Going forward, FG Nexus is expected to continue innovating and expanding its influence in the blockchain-based finance industry.

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Reference

• Crypto Times. Fundamental Global Raises $200M for Ethereum Treasury Strategy. Accessed on August 1, 2025
• Featured Image: Gfa